- still a prominent head and shoulders on the weekly chart
- the total market cap has been in a downtrend since the ATH
- there is a large gap in between the conversion line and base line which indicates a drop
- if there is a retracement the target would be towards the bottom of the ichimoku cloud
- if the total market cap dropped this much (around 25%-30%) it would be ruthless for alts
- the total market cap has been in a downtrend since the ATH
- there is a large gap in between the conversion line and base line which indicates a drop
- if there is a retracement the target would be towards the bottom of the ichimoku cloud
- if the total market cap dropped this much (around 25%-30%) it would be ruthless for alts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.